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QUESTION THREE [20 EPR Industries is a wholesaler that distributes boxes of toy cars to local shops. The company has a 31 December financial year

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QUESTION THREE [20 EPR Industries is a wholesaler that distributes boxes of toy cars to local shops. The company has a 31 December financial year end. The following inventory transactions occurred during January 2018: There was no opening inventory in January 2018. Required: Calculate the gross profit using: 3.1. FIFO method 3.2. Weighted average method

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